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SolarWorld AG (SRWRF.PK)

SRWRF.PK on OTC Markets Group

0.88USD
13 Dec 2017
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Latest Key Developments (Source: Significant Developments)

SolarWorld's creditors' assembly approves purchase contract with Solarworld Industries GmbH
Friday, 11 Aug 2017 10:50am EDT 

Aug 11 (Reuters) - SOLARWORLD AG :DGAP-ADHOC: SOLARWORLD AG: CREDITORS' ASSEMBLY APPROVES PURCHASE CONTRACT WITH SOLARWORLD INDUSTRIES GMBH.GERMAN FEDERAL CARTEL OFFICE GRANTED ITS APPROVAL FOR THIS TRANSACTION.  Full Article

Solarworld: purchase agreement on assets of Solarworld and individual subsidiaries signed
Tuesday, 8 Aug 2017 02:30am EDT 

Aug 8 (Reuters) - SOLARWORLD AG ::PURCHASE AGREEMENT ON ASSETS OF SOLARWORLD AG AS WELL AS OF INDIVIDUAL SUBSIDIARIES SIGNED.‍GOAL IS TO CONTINUE OPERATING SIGNIFICANT PARTS OF SOLAR CELL AND MODULE PRODUCTION AS WELL AS DISTRIBUTION OF THESE HIGH EFFICIENCY PRODUCTS​.‍PURCHASE PRICE CONSISTS PREDOMINANTLY IN REPAYMENT OF LIABILITIES THAT ARE SECURED BY CREDITOR'S PROTECTION RIGHTS​.  Full Article

SolarWorld says insolvency proceedings opened, management board resigns
Tuesday, 1 Aug 2017 06:09am EDT 

Aug 1 (Reuters) - SOLARWORLD AG :DGAP-ADHOC: SOLARWORLD AG: OPENING OF INSOLVENCY PROCEEDINGS; RESIGNATION OF MANAGEMENT BOARD.‍PHILIPP KOECKE HAS JUST STATED TO SUPERVISORY BOARD THAT HE IMMEDIATELY AND WITHOUT NOTICE RESIGNS HIS MANAGEMENT BOARD MANDATE​.ACCORDING TO INFORMATION CURRENTLY AVAILABLE, IT IS NOT POSSIBLE FOR SHAREHOLDERS OF SOLARWORLD AG TO RECEIVE DISTRIBUTIONS FROM ANY PROCEEDS FROM SALE.ONGOING SEARCH FOR AN INVESTOR AND ACCOMPANYING INVESTOR PROCESS HAVE NO SUBSTANTIAL IMPACT ON ASSETS, FINANCIAL AND EARNING SITUATION OF SOLARWORLD AG.  Full Article

Solarworld says in talks with investors over two production sites
Wednesday, 26 Jul 2017 04:36am EDT 

July 26 (Reuters) - Solarworld Ag :Says insolvency administrator in talks with group of investors over production sites in freiburg and arnstadt.Says investors would take on 450 employees, talks ongoing for transfer company for remaining 1,200 staff.  Full Article

Solarworld says ‍significant staff reduction needed to safeguard perspectives​
Monday, 17 Jul 2017 09:03am EDT 

July 17 (Reuters) - SOLARWORLD AG :‍SIGNIFICANT STAFF REDUCTION NEEDED TO SAFEGUARD PERSPECTIVES​.  Full Article

Solarworld says bonds declared due
Friday, 23 Jun 2017 08:00am EDT 

June 23 (Reuters) - SOLARWORLD AG ::BONDS DECLARED DUE.JOINT REPRESENTATIVES OF BOTH BONDS OF SOLARWORLD HAVE EACH DECLARED ALL OUTSTANDING NOTES DUE WITH IMMEDIATE EFFECT ON BASIS OF EVENTS OF DEFAULT.  Full Article

Solarworld says chairman of supervisory board ‍Georg Gansen resigns
Thursday, 1 Jun 2017 09:04am EDT 

June 1 (Reuters) - SOLARWORLD AG ::SUPERVISORY BOARD RECISSION.‍GEORG GANSEN, MEMBER AND CHAIRMAN OF SUPERVISORY BOARD OF SOLARWORLD AG HAS JUST INFORMED COMPANY THAT HE WILL RESIGN FROM HIS POSITION AS MEMBER AND CHAIRMAN OF SUPERVISORY BOARD AS OF JUNE 30, 2017, DUE TO OTHER PROFESSIONAL TASKS​.  Full Article

Solarworld: preliminary administrator / insolvency of affiliated companies
Friday, 12 May 2017 10:40am EDT 

May 12 (Reuters) - SOLARWORLD AG ::PRELIMINARY ADMINISTRATOR / INSOLVENCY OF AFFILIATED COMPANIES.MANAGEMENT OF AFFILIATED COMPANIES SOLARWORLD INDUSTRIES SACHSEN GMBH, SOLARWORLD INDUSTRIES THÜRINGEN GMBH, SOLARWORLD INDUSTRIES DEUTSCHLAND GMBH AND SOLARWORLD INNOVATIONS GMBH FILED FOR INSOLVENCY PROCEEDINGS.COURT HAS APPOINTED ATTORNEY AT LAW HORST PIEPENBURG AS PRELIMINARY INSOLVENCY ADMINISTRATOR.  Full Article

Solarworld says to file for insolvency
Wednesday, 10 May 2017 12:12pm EDT 

May 10 (Reuters) - Solarworld AG ::SAYS MANAGEMENT BOARD OF SOLARWORLD AG, AFTER HAVING CONDUCTED A DILIGENT REVIEW, CAME TO CONCLUSION TODAY THAT DUE TO ONGOING PRICE EROSION AND DEVELOPMENT OF BUSINESS, COMPANY NO LONGER HAS A POSITIVE GOING CONCERN PROGNOSIS.DUE TO ONGOING PRICE EROSION AND DEVELOPMENT OF BUSINESS, COMPANY NO LONGER HAS A POSITIVE GOING CONCERN PROGNOSIS, IS THEREFORE OVER-INDEBTED AND THUS OBLIGED TO FILE FOR INSOLVENCY PROCEEDINGS.IT IS CURRENTLY UNDER EVALUATION IF A RESPECTIVE OBLIGATION TO FILE FOR INSOLVENCY PROCEEDINGS IS ALSO GIVEN WITH REGARD TO AFFILIATED COMPANIES OF SOLARWORLD AG.IN LIGHT OF FOREGOING, MANAGEMENT BOARD WILL NOW IMMEDIATELY FILE FOR INSOLVENCY PROCEEDINGS WITH COMPETENT LOCAL COURT (COURT OF INSOLVENCY).  Full Article

Solarworld Q1 EBIT loss widens to 29 million euros
Friday, 28 Apr 2017 08:30am EDT 

April 28 (Reuters) - Solarworld AG ::Preliminary business figures for first quarter 2017.Q1 EBITDA amounted to -18 million euros (-$19.64 million) (Q1 2016: 2 million euros).Q1 earnings before interest and taxes (EBIT) totaled -28 million euros (Q1 2016: -10 million euros), versus -51 million euros in Q4 2016.Q1 consolidated revenue decreased versus previous years' quarter to 186 million euros (Q1 2016: 213 million euros).Both operating performance indicators in Q1 2017 are so in line with plan for year 2017.As at March 31, 2017, Solarworld had liquid funds of 84 million euros (December 31, 2016: 88 million euros) .  Full Article

Split U.S. solar industry to debate tariffs at hearing

Oct 3 A fractured U.S. solar industry will present differing proposals on Tuesday to a government commission considering measures to prop up domestic solar panel makers, who say cheap imports have left them on the verge of collapse.